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More Middle Eastern headlines the oil markets are watching (EGPT, BNO)

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It is not just Iran that has oil prices on edge. News throughout the Middle East has been supporting the petroleum bid for some time now, and we are at the point of no return. Things are looking even nastier in Syria, for example, and it will get worse before it gets better. Saudi Arabia has issued a warning to all of its people recalling them from Syria. Egypt's current round of elections will not go smoothly, either. The demonstrations there have gotten bigger and bigger over the last few months. And as tension between the army and the people ratchets up, we have already seen gunmen attack the pipeline that moves natural gas across the Sinai to Israel and Jordan. Since the latest round of protests in Egypt started on September 9, the Egypt ETF (EGPT, quote) has plunged 22% and is now down roughly 50% from its pre-revolutionary peak. Add in Iran and the next few days are key for the region and the world. I hope everyone stays calm. Want mail from Tim? Subscribe to the free Emerging Money weekly newsletter for all the week's best trading ideas and emerging market updates.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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